Pepe Price Prediction: Pepe Goes Wild With 268% Weekly Gain As Altcoin Season Breaks Out, But Traders Say This Meme Coin Could Increase 100x By 2024 | Trending Viral hub


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Pepe’s price pumped more than 268% last week and 12% in the last 24 hours to trade at $0.000007641 at 2:15 am EST as the meme coin star continues to rise.

Pepe price falls below a positive trend line

BINANCE: PEPEUSDT Chart image by StevenWalgenbach

4-hour chart for PEPE/USDT (Source: TradingView)

He Pepe The price managed to break through the consolidation channel between $0.00000395 and $0.00000515 in the last 24 hours. It then printed a series of higher highs and higher lows on its 4-hour chart, leading to the formation of a positive short-term trend line. However, recently, the cryptocurrency fell below this trend line.

If the bears manage to keep Pepe price below this level, it could enter a brief sideways channel. If history repeats itself, the meme coin could enter another bullish leg similar to what it did with the aforementioned consolidation channel between $0.00000395 and $0.00000515.

A sudden wave of profit-taking by traders could cause a brief pullback in Pepe price. In this more bearish scenario, the crypto may fall to the support level of $0.00000515. Continued selling pressure could lead to the altcoin falling below $0.00000395 and potentially retesting the subsequent support level at $0.00000271.

This bearish thesis may be invalidated if Pepe price manages to close a 4-hour candle above the positive trend line in the next 12 hours. He same corner It could then continue to rise to new heights over the next 48 hours.

Technical data hints at possible Pepe price pullback

Technical indicators in PEPE The 4-hour chart suggests that Pepe price could undergo a correction in the short term. Both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) show that the bullish momentum of the meme coin has stalled.

The MACD line is still positioned bullishly above the MACD signal line. However, the MACD histogram gradient has stabilized. This may be an early sign that Pepe price is entering a short-term bearish cycle.

The RSI line is also positioned above its simple moving average (SMA) line, indicating that buyers have the upper hand over sellers on the PEPE 4-hour chart. Traders will want to keep an eye on this indicator as the gap between the RSI and SMA lines is narrowing, which may cause a bearish shift in Pepe price momentum if the two lines cross.

As Pepe price attempts to continue its bullish streak, experts say Sponge V2 can, like its predecessor Sponge V1 last year, explode 100 times after launch.

The release of a bigger and better version

Sponge V2 marks the next version of the SPONGE token, which achieved 100x growth during the 2023 bear market. Investors who missed out last year now have a second chance through the launch of the latest version of the meme coin.

The SPONGE team intends to build on the token’s previous success and has introduced several changes to the viral meme coin ecosystem. In addition to including several major exchange listings, Sponge V2 will include a money-making racing game that will be available in a free and paid version.

In the paid version, players will need to use Sponge V2 tokens as credits for in-game assets and activities, while also having the opportunity to earn rewards paid in meme currency. This not only allows the cryptocurrency to expand into the burgeoning blockchain gaming sector, but also introduces a level of utility to the ecosystem, making it more attractive.

Investors react positively to SPONGE polygon migration

The project team responded to a recent security incident by accelerating the migration of the token to the highly scalable Polygon blockchain. This strategic move exposes the meme coin to a broader investment pool and also reduces transaction costs for anyone transacting within the Sponge V2 ecosystem.

Investors have reacted positively to the migration, with more than $15.8 million staked on the project’s official website. Interested investors should act soon because there are rumors that Sponge V2 will be listed on major exchanges imminently.

SPONGE V2 can be purchased here.

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